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American Bankers Association CRCM Exam - Topic 6 Question 80 Discussion

For which of the following is a bank most likely to be in danger of receiving a cease and desist order?
D) Failure to file suspicious activity reports
A) Repetition in a BSA examination of a noncritical deficiency reported in a previous BSA examination
B) Failure to document AML training to its part-time clerical employees
C) A 2 percent error rate on the bank's CTRs

American Bankers Association CRCM Exam - Topic 6 Question 80 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 80
Topic #: 6
[All CRCM Questions]

For which of the following is a bank most likely to be in danger of receiving a cease and desist order?

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Suggested Answer: D

by Cheryl at Jan 26, 2024, 12:17 PM

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Solange
7 months ago
Wait, are we sure about D? That seems harsh for just not filing.
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Hillary
7 months ago
I agree, D is the most likely to get a cease and desist.
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Becky
8 months ago
A 2% error rate? Seems a bit high, but not a huge risk.
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Celia
8 months ago
I think B could also lead to serious issues.
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Stacey
8 months ago
Definitely D, not filing SARs is a big deal.
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Marsha
8 months ago
I lean towards D as well. Not filing SARs feels like it would definitely put a bank at risk of a cease and desist order.
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Katheryn
8 months ago
I practiced a similar question, and I feel like failure to document AML training could lead to issues too. Maybe B is a contender?
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Sheridan
9 months ago
I'm not entirely sure, but I remember something about BSA examinations. Could it be A? Repeating noncritical deficiencies doesn't sound as severe.
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Lorriane
9 months ago
I think the answer might be D, since failing to file suspicious activity reports seems like a serious violation.
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Portia
9 months ago
I'm confident I know the answer here. Failure to file suspicious activity reports is the most serious issue that would put a bank at risk of a cease and desist order.
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Una
9 months ago
Okay, I think I've got this. The key is to focus on the bank's compliance with regulations like BSA, CTRs, and SARs. Failure to meet those requirements is likely to trigger a cease and desist order.
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Dick
9 months ago
Hmm, I'm a bit unsure about this one. I'll need to review the material on cease and desist orders to determine the most likely scenario.
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Isabelle
9 months ago
This question seems straightforward, but I want to make sure I understand the key details before answering.
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Jesusa
9 months ago
Hmm, I'm not entirely sure about this one. I'll need to carefully consider each option and think through the potential consequences for the bank.
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Bettye
9 months ago
Hmm, I'm a bit unsure on this one. The options mention "the 'what', 'when', and 'why'" of learning, but I'm not sure how "multiple means of action and expression" fits into those. I'll have to think about it a bit more.
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Myra
9 months ago
I'm a bit confused here. The question mentions an IPv4 client, but the options include AAAA records which are for IPv6. I'm not sure if that's relevant or not. I'll have to think this through carefully.
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Carolann
9 months ago
I remember practicing a similar question, and I think the "Optimize for 3D graphics workload = Enabled" setting was recommended for high-demand applications.
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Leah
9 months ago
Knowing the front-end development capabilities required will help determine if they need a custom UI or can leverage Salesforce's built-in features.
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Brittni
9 months ago
Hmm, I'm not sure about this one. I'm debating between the email filtering system and testing user knowledge. I'll have to think it through carefully.
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